CABLE CORPORATION FAILS
IN VOLUNTARY LIQUIDATION. (United Press Association—By Electric Telegraph Copyright J NEW YORK, June 15. The Postal, Telegraph and Cable Corporation went into voluntary liquidation to-day and requested the court for authority to reorganise the company under the Federal Bankruptcy Act. It claimed inability to meet £254,<)00 interest due on bonds on July 1. The assets are listed at £25,000,000, with an operating deficit in 1934 of £318,000. The corporation shares with, the Western Union practically all communications business in America, in addition to operating ah. extensive internatioal cable system.
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Hawera Star, Volume LIV, 17 June 1935, Page 5
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92CABLE CORPORATION FAILS Hawera Star, Volume LIV, 17 June 1935, Page 5
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